JIC Leasing recently provided financial leasing services to a composite material manufacturing enterprise in Chongqing to support its pultruded glass fiber sheet production and boost the development of the wind energy industry.

These days, China is actively creating a clean low-carbon energy system, with the proportion of clean energy and non-fossil energy sources gradually increasing. Wind power is playing an increasingly important role in the optimization of China's energy structure. According to the goal of the "14thFive-Year Plan", wind power and photovoltaic power generation capacity need to be doubled. By the end of 2023, the country’s installed wind power capacity totaled 441.34GW, and is expected to reach 581GW by 2025. The further accelerated development of the wind energy industry can be expected. Glass fiber materials are currently irreplaceable materials for wind power blades, and in order to meet the needs of large-scale, lightweight and intelligent development of these blades, the application of high-performance composite materials such as pultruded glass fiber sheets and carbon fiber materials is being actively promoted.

This enterprise specializes in the blade manufacturing link within the midstream of the wind power industry chain, focusing on the manufacture of fan blade girders and pultruded  glass fiber sheets based on high-performance glass fiber. Compared with traditional glass fiber materials, pultruded  sheets offer significant advantages: they simplify the production process and increase production efficiency by 20%. They also reduce the total cost of blades of the same length by 10%, meet the needs for designing longer blades, and increase blade rigidity by 30%. In this way, the total blade weight can be lowered and the power generation efficiency of the fan improved. With a total of 300 production lines, the enterprise has an annual output of 75,000 tons, generating remarkable environmental benefits.

JIC Leasing continues to increase its services to the green and low-carbon industries, playing the role of financial "flowing water" by supporting the development of enterprises in these fields. In this way, the company will help to achieve the country’s "dual carbon" goals.